Intel was one of only two tech stocks – the other being Microsoft – to join the Dow Jones Industrial Average during the dot-com bubble of the 90s. Chronic under performance, however, has consequences, and Intel is now being replaced with the poster child of the ongoing AI mania, NVIDIA, within the iconic index. $NVDA, $INTC [Nvidia to join Dow Jones Industrial Average, replacing Intel] — NOTRELOAD AI (@thudderwicks) November 1, 2024 To wit, we had noted about a month back that Intel was likely to get booted off the Dow Jones index as part of its upcoming rebalancing. Bear […]
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